The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 1.7 percent increase to $583.00 per ounce. This comes on the heels of a 2.4 percent decline the week prior. The price of US platinum bar rose 0.9 percent to $1,417 per ounce after falling 4.5 percent during the previous week.
The price of US HDG rose 0.5 percent, after falling 0.5 percent during the previous week.
The Chinese lead price settled after shifting up 1.5 percent. The 3-month price of copper rose one percent on the LME to $7,595 per metric ton after falling 2.3 percent during the previous week. The cash price of primary copper rose 0.9 percent on the LME to $7,595 per metric ton after falling 2.3 percent during the previous week. Korean 5052 coil premium over 1050 sheet remained essentially flat from the previous week.
The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.